Surcharge & education cess on tds for salary

Applicable for AY 2015-16 & 2016-17

Surchage is 10% if income exceeds 1 crore, Education Cess 3%,

Interest 1% per month for non deduction of TDS

Interest 1.5% per month for non-deposit of TDS after TDS deduction.

You will received TDS default notice from TDSCPC if case you do not correct your mistake.

Originally posted by : Vineet Goyal
	Applicable for AY 2015-16 & 2016-17 Surchage is 10% if income exceeds 1 crore, Education Cess 3%, Interest 1% per month for non deduction of TDS Interest 1.5% per month for non-deposit of TDS after TDS deduction.   You will received TDS default notice from TDSCPC if case you do not correct your mistake.

Thanks mate @ Vineet Goyal

Yeah i'll make sure for the nest month pay i'll add Education cess on the tax payable .

As we pay TDS for the salaries , its merely around Rs. 4000 , so i think surcharge is not required right? rest we have gone by the rules.

Kindly share your view.

Surchage is not applicable. But you need to pay Interest on late deductions and payments.

Originally posted by : Vineet Goyal
	Surchage is not applicable. But you need to pay Interest on late deductions and payments.

what does these mean Late deductions & payments?

In case we pay before 7th of every month , late payment wont be applicable right?

I want info on late deductions, is there any specific date by which we are supposed to deduct ?

Surcharge and Cess are applicable for payments made to Non Residents.

Not for Domestic Companies

I APolozise... for salaries surcharge and cess applicable..

I am assuming that you have not deducted education cess from salaries paid. If it it deducted then you need to pay interest only on late deposit of TDS.

Yeah till date we havent applied Education cess . (As in only 3 quarters are missed from the date for incorporation)

Hello all,

Is cess is applicable on interest on late deposit of salary TDS.